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Jun 30
NYT Q2 2025 Earnings Report
The New York Times Company reported strong Q2 results with growth across all major revenue lines and digital subscriber gains.
Key Takeaways
The New York Times Company delivered a solid second quarter with 9.7% revenue growth year-over-year, boosted by a 15.1% rise in digital-only subscription revenues. Operating profit increased 34.2%, and the company added 230,000 net new digital-only subscribers.
Digital-only subscription revenue rose 15.1% YoY to $350.4M.
Total digital-only subscribers reached 11.3 million, up 1.08 million YoY.
EPS increased to $0.50; adjusted EPS reached $0.58.
Free cash flow surged to $193.2M for the quarter.
NYT
NYT
NYT Revenue by Segment
NYT Revenue by Geographic Location
Revenue by Segment
Digital-only Subs Revenue
CapyFin.comDigital Ads Revenue
CapyFin.comPrint Ads Revenue
CapyFin.comNYTG Subs Revenue
CapyFin.comNYTG Ads Revenue
CapyFin.comNYTG Other Revenue
CapyFin.comRevenue by Geographic Location
Global Revenue
CapyFin.com Forward Guidance
The company expects continued growth in digital revenue streams and stable operating costs in Q3 2025.
Positive Outlook
- Digital-only subscription revenues expected to grow 13–16%
- Total subscription revenues expected to grow 8–10%
- Digital advertising to increase by low-double digits
- Affiliate, licensing and other revenues expected to grow high-single digits
- Operating cost increase projected at a modest 5–6%
Challenges Ahead
- Print advertising expected to remain flat or decline
- Print subscription revenue likely to continue its gradual decline
- Litigation-related costs (AI) may persist
- Unrealized FX hedge losses impacted general and administrative costs
- No major employee growth noted, potential capacity constraints